Friday, April 20, 2007

Rand a tad stronger, may test 7/dollar

(Reuters) - South Africa's rand strengthened slightly versus the dollar on Friday as some fears over the unwinding of carry trade subsided and traders expected the currency to edge close to the 7/dollar mark.

The rand traded at 7.0350 versus the dollar at 0630 GMT, 0.3 percent firmer than its New York close of 7.06 on Thursday.


Read more at Reuters Africa

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